PIMCO MUNICIPAL INCOME FUND II COMMON SHARES OF BENEFICIAL INT. (PML) Correlation Distribution
Across 6,809 rolling correlation observations between PIMCO MUNICIPAL INCOME FUND II COMMON SHARES OF BENEFICIAL INT. (PML) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.296, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.9% and strong negative correlations (≤−0.7) for 7.5%.
- Total observations
- 6,809
- Mean correlation
- 0.296
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 38.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 251 | 3.7% | |
| -0.8 to -0.7 | 250 | 3.7% | |
| -0.7 to -0.6 | 291 | 4.3% | |
| -0.6 to -0.5 | 290 | 4.3% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 217 | 3.2% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 213 | 3.1% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 959 | 14.1% | |
| 0.8 to 0.9 | 959 | 14.1% | |
| 0.9 to 1.0 | 734 | 10.8% |
Frequently asked questions
What is the average correlation of PML?
PIMCO MUNICIPAL INCOME FUND II COMMON SHARES OF BENEFICIAL INT. (PML) has an average correlation of about 0.296 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PML positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 38.9%.
What is the most common correlation range for PML?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for PML.
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